RTA · Condominium Property Regulation
Part 2 — Capital Replacement Reserve Fund
25 Exemption from reserve fund study, report and plan re rental units
study provider to prepare a reserve fund study and from
establishing or maintaining a reserve fund if
Section 26 AR 168/2000
(a) the certificate of title to each of the units included in a
condominium plan is registered in the name of the same
owner or the same group of owners, and
(b) those units are rented or offered for rent to persons as
tenants who are not purchasers and are not intended to be
purchasers.
AR 168/2000 s25;181/2017;154/2019
When study, report and plan must be prepared re conversions,
etc.
26(1) Notwithstanding sections 24 and 25, if the owner
(a) of premises to which sectio n 21 of the Act applies offers
those premises for sale, or
(b) of units to which section 25 applies offers those units fo r
sale and if as a result of the sale of any of those units
section 25 would no longer apply in respect of those units,
the owner shall not sell any of those premises or units until
(c) a reserve fund study is c arried out and a reserve fund
report is prepared in accordance with section 23, and
(d) a reserve fund plan is pr epared in accordance with section
23.
(2) The reserve fund report and the reserve fund plan referred to in
subsection (1) must be made available for inspection by any person
purchasing a unit referred to in subsection (1).
AR 168/2000 s26;108/2004
In the case of a tie in a vote taken at an annual general meeting
or a general meeting, the resolution does not pass.